Morguard Co. (MRC) to Issue Quarterly Dividend of $0.20 on December 31st

Morguard Co. (TSE:MRC) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15.

Morguard Trading Down 1.1 %

MRC stock opened at C$119.15 on Friday. Morguard has a 52 week low of C$103.00 and a 52 week high of C$128.69. The company has a market capitalization of C$1.29 billion, a PE ratio of 6.33 and a beta of 1.18. The company’s 50-day simple moving average is C$120.46 and its 200 day simple moving average is C$115.89. The company has a debt-to-equity ratio of 127.16, a quick ratio of 0.13 and a current ratio of 0.29.

Morguard Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.